Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
The Bitcoin market continues to trade sideways as its MVRV (Market Value to Realized Value) ratio drops beneath key 1-year and 4-year marks. This means that the cryptocurrency may still be undervalued, as suggested by the analytical platform CryptoQuant in its recent X post (formerly Twitter). In the past, the MVRV ratio has been a […]
The Bitcoin community is currently facing a rather uncertain environment, which is characterized by both stability and opportunities for growth. While the cryptocurrency hovers around the $60k mark as of press time. A recent analysis from CryptoQuant presents various tactics from the new and old whales, miners, and Binance traders that shape the current and […]
CryptoQuant observed an important trend asserting itself in Bitcoin’s market dynamics. The platform posted an analysis on X (formerly Twitter), noting that the price difference between Bitcoin on Coinbase and Binance is shrinking, which suggests that the market may have entered a fair value range. On the 1-hour chart of Coinbase Premium, a triangular pattern […]
Bitcoin futures CME gaps have been filled by price every time over the past quarter, and over the weekend, another gap was formed near $54,000.
Bitcoin is beginning to recover dramatically and thus light a new hope among traders and analysts. As for the largest cryptocurrency Bitcoin, it has shown an excellent performance, rallying 25% from the recent low of $49,000, and closing the daily candle above the critical level of $61,000. This positive trend has not gone unnoticed by […]
Bitcoin has gone down sharply, thereby destabilizing the entire crypto market. Prominent analytical service CryptoQuant pointed out in a recent post on X that Bitcoin is in for a tumble alongside global stock markets. Bitcoin declined by 16% in a single day and 30% from a recent high in the more short-term trend. This rapid […]
Bitcoin (BTC) is again in the focus of attention as experts have identified crucial levels that could determine the further direction of the Bitcoin market. Crypto Cobra discussed his observations of the current BTC volatility and what the traders and investors might anticipate soon. Cobra pointed out that a short position on BTC achieved the […]
Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency enters a period of consolidation along with the broader crypto market. Historically, shifts in this correlationfrom negative to positivehave often signaled a bullish trend for Bitcoin. Related Reading: Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support As both markets face challenges, the changing dynamics between BTC and U.S. stocks could provide crucial insights into where the market is headed. Investors are closely watching this relationship, anticipating that a shift could indicate a potential breakout for Bitcoin. Bitcoin Data Suggests Potential Uptrend The negative correlation between Bitcoin (BTC) and the U.S. stock market, particularly the S&P 500 (SPX), has become increasingly evident. Prominent analyst and trader Daan on X recently highlighted this phenomenon by overlaying the BTC/USDT futures chart with SPX prices. His analysis shows that while traditional markets like the SPX have experienced a swift recovery, Bitcoin has not followed suit. This divergence underscores the decoupling between these two markets, with Bitcoin lagging behind the broader stock recovery. Another key analyst, Caleb Franzen, brought attention to this trend, sharing data revealing Bitcoins negative correlation with major stock indices. Specifically, Franzen points out that the 90-day correlation between Bitcoin and the Nasdaq-100 ($QQQ) currently stands at -27%. This negative correlation suggests that as tech stocks recover, Bitcoin has been moving in the opposite direction, which can signify unique market dynamics. While periods of negative correlation between Bitcoin and stocks are not inherently bullish, historical evidence suggests that positive market shifts often follow such phases. The critical point for investors is to monitor a potential reversal of this correlationwhen Bitcoin begins to move in tandem with the Nasdaq-100 ($QQQ) once again. If Bitcoin’s correlation with tech stocks turns positive, it could signal a strengthening market and a possible uptrend for BTC. This shift could provide a key indicator for timing potential entry points in the market. BTC Price Trading Below A Key Indicator Bitcoin trades at $59,350, below the critical daily 200-day moving average (MA) at $62,915. This moving average is a key indicator many analysts use to gauge market trends. When BTC’s price is below the daily 200 MA, it typically suggests a downtrend or a significant correction. Conversely, trading above this level indicates market strength and bullish momentum. For Bitcoin to confirm the continuation of its bull market, it needs to reclaim the daily 200 MA and consistently close above it. This would signal a potential shift in trend, providing confidence to traders and investors that the bullish phase is still intact. Currently, BTC is hovering around the key psychological level of $60,000, and the market remains in a consolidation phase after enduring months of uncertainty and volatility. For the bullish scenario to unfold, Bitcoin must break above $63,000, retaking the daily 200 MA and surpassing the August 8th local high of $62,729. This would mark a significant recovery and indicate that the market is regaining its strength. Related Reading: Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support On the other hand, if BTC fails to close above $57,500 in the coming days, it could signal further downside pressure, potentially leading to a pullback to sub-$50,000 levels. The coming days will be crucial in determining whether Bitcoin can regain its upward momentum or if more bearish pressure lies ahead. Cover image from Dall-E, charts from TradingView.
Bitcoin traders anticipate a potential price drop below $60,000. Will dip buyers show up?
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.
According to CryptoQuant, a prominent analytical service, a noteworthy shift has occurred in the Bitcoin market. A total of 4,623 Bitcoins was traded in spot exchanges in a single block on 8th July 2024, which has led to speculations regarding the future of the seller pressure. CryptoQuant analysts have offered a detailed analysis of futures […]
Bitcoin analysts observe key support levels and potential rebound despite bearish sentiment. Amid the recent turmoil caused by selling activities,…
The post Analysts Predict Bitcoin Price Recovery Following Sell-Off Fears first appeared on The Crypto Basic.
Bitcoin sentiment plunges, showing a dominant bearish narrative this week, with Santiment predicting a likely rebound to catch the crowd…
The post Bitcoin Rebound Could Catch Traders Off Guard as Bearish Sentiment Peaks on Social Media first appeared on The Crypto Basic.
Cryptocurrency analysis platform CryptoQuant has identified a potential trend unfolding in the Bitcoin market. In the recent X post, the platform pointed out that about $2.4 billion worth of Bitcoin, ranging from 3 to 6 months old, has moved within the BTC network during the bear market. This large shift has attracted the attention of […]
Popular Crypto analyst, Altcoin Sherpa has recently shared his thoughts on the current state of the Bitcoin market. According to Sherpa the market conditions in May 2021 and July 2024 have some interesting parallels. He stated that although he does not anticipate the market to behave exactly like it has done in the past, some […]
In a recent YouTube video, Crypto Rover, a prominent crypto analyst has explained that the price of Bitcoin is going through a slight decline. His technical assessment was based on the current price action and he believes that Bitcoin is about to complete a gap that he had predicted earlier. The recent volatility in the […]
Popular crypto analyst Crypto Rover recently shared a YouTube video showing Bitcoin showing a very specific and rather rare signal that has previously preceded significant price gains. When this signal was last seen, Bitcoin jumped to $72,000. In his video, Rover focuses on this signal and explains the important resistance levels that BTC is nearing. […]
In the cryptocurrency market, massive shifts are happening as Bitcoin presents one of the most popular buy indicators. Crypto Rover, a popular crypto analyst, recently shared his insights, and he expects that Bitcoin will experience significant upside due to endorsements and crucial events. The Crypto Rovers analysis shows one of the most important buy signals […]
Bitcoin price reached a 30-day of $68,330 on July 22 just 24-hours ahead of the much-anticipated Ethereum ETFs launch on…
The post Bitcoin Price Analysis: Heres Why BTC Failed to Reach $70k Amid Ethereum ETF Hype first appeared on The Crypto Basic.
The latest Bitcoin recovery push above $68K amid an uptick in futures market activity has caused 75% of short-term holders…
The post Bitcoin Rally to $68K Amid Rising Futures Activity Leaves 75% of Short-Term Holders in Profit first appeared on The Crypto Basic.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
